Take That, SEC! Cuban Sues Over Documents

Mavs owner files suit over documents about commission's insider trading case

Friday, May 29, 2009  |  Updated 6:11 AM CDT
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"I Look Good in a Suit Don't I?"

KXAS

Mark Cuban wants the SEC's documents on the insider trading case against him.

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"I Look Good in a Suit Don't I?"

Dallas Mavericks owner Mark Cuban shows up for his day in federal court.
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Mark Cuban is suing the Securities and Exchange Commission for access to documents detailing the insider trading case against the Dallas Mavericks owner.

The Dallas billionaire filed requests for records in December under the Freedom of Information Act. That was a month after the SEC sued Cuban, accusing him of selling shares of an Internet search engine company after receiving confidential information about a private offering.

Cuban's lawsuit claims the SEC improperly rejected some requests, didn't respond quickly enough to appeals of rejections and failed to conduct adequate searches for some records.

Cuban provided a copy of his lawsuit to The Associated Press after it was reported by The Dallas Morning News. An SEC spokesman declined comment.

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